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Oh Division Of Re Rules Disciplinary ProcessBrokerage_operations_ohMEDIUM

An Ohio broker is contacted by an out-of-state broker who wants to share a commission on a transaction involving a property in Ohio. Under Ohio law, the Ohio broker may pay a commission share to the out-of-state broker if:

Correct Answer

D) The out-of-state broker holds an active license in their home state

Ohio allows commission sharing between an Ohio broker and an out-of-state broker, provided the out-of-state broker holds an active license in their home state. The out-of-state broker does not need an Ohio license to receive a referral fee or commission share, as long as they did not conduct licensed activities within Ohio.

Answer Options
A
Commission sharing with out-of-state brokers is always prohibited
B
The out-of-state broker obtains an Ohio real estate license first
C
The out-of-state broker signs a letter promising to follow Ohio law
D
The out-of-state broker holds an active license in their home state

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Related Topics & Key Terms

Key Terms:

commission_sharingout_of_state_brokerreferral_fee
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